Commerce Past Questions

Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.

48 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

48 questions
Question 1 of 20 48 total questions
Question 11
jamb 2016

Which of the following is a traditional medium of communication used to mark festivals?

APalm frond
BMetal gong
CTalking drum
DGum blast
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Question 12
jamb 2016

Which of the followingis a modern trend in retailing ?

AKiosk
BMobile shop
CVending machine
DTied shop
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Question 13
jamb 2016
A supplier of flour who intends to sign a contract with a baker through post can establish a binding agreement only
Aafter the offeror has made an offer
Bwhen the offeror's letter has reached the offeree
Cwhen the offeree's letter has been posted
Dafter the offeree's letter has been recieved by the offeror
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Question 14
jamb 2016

When expenses on trading are deducted, the result is the

Arate of turn over
Bnet profit
Cgross profit
Dcost of goods sold
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Question 15
jamb 2016

In the transportation industry, dead freight is used to describe the

Acost paid for an empty space left in the ship
Bcharge for each day a performance was delayed
Cpersons that hire a ship for a specific purpose
Dcost of shipping a particular cargo for a specific voyage
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Question 16
jamb 2016

The pricing policy that seeks to set prices relatively high in order to attract the wealthy segment of the market is

Atarget return pricing
Bmarket skimming
Cvariable pricing
Dmarket penetration
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Question 17
jamb 2016

A formal letter to a dealer to enquire details about certain items for sale is referred to as

Aan inquiry
Ban invoice
Can order
Da quotation
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Question 18
jamb 2016

Funds used for paying wages, salaries and payments for raw materials are categorized under

Aliquid capital
Bcirculating capital
Cfixed capital
Dnominal capital
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Question 19
jamb 2016
A document that serves as an instument for perferential tariff is referred to as
Aan indent
Ba certificate of origin
Ca consular invoice
Dan advice note
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Question 20
jamb 2016

The buying and selling of goods and services is referred to as

Atrading
Bmarketing
Cinsurance
Dadvertising
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Question 21
jamb 2016
One of the duties of the employer to his employee is to
Adelegate his duties to others staff
Bcharge the employee on the use of equipment
Cserve faithfully and honestly
Dprovide job security
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Question 22
jamb 2016
The act of interpreting ideas within an organization is
Amotivating
Borganizing
Cplanning
Dcommunicating
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Question 23
jamb 2016
The component of balance of payments which shows how the balance of both current and capital accounts are settled is know as
Acurrent account
Bmonetary movement account
Ccapital account
Dsocial-welfare account
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Question 24
jamb 2016
Avast is an example of
Aa web browser
Ba search engine
Can antivirus
Da spread sheet
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Question 25
jamb 2016
Commission on turnover is usually a benefit accruable to the
Adrawer
Bdrawee
Cpayer
Dpayee
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Question 26
jamb 2016
Given \(\frac{\text{index of export price}}{\text{index of import price}}\) X \(\frac{100}{1}\)

The formular above can be used to determine the
Aterms of payment
Bbalance of payments
Ctearms of trade
Dimport tariffs
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Question 27
jamb 2016
The type of wholesaler that combines selling, delivery and collection in one operation is
Aspecialist wholesaler
Brack jobber
Cdrop shipment
Dtruck wholesaler
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Question 28
jamb 2016
A basic concept of advertising that reveals the essential message an advertiser wishes to communicate is referred to as the
Amedium
Btheme
Ctarger
Dreach
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Question 29
jamb 2016
The transformation of cotton into clothings is an example of
Asecondary production
Btertiary production
Cprimary production
Ddirect production
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Question 30
jamb 2016
Which of the following types of occupation involues services that can be referred to as auxiliaries trade?
AConstructive occupation
BManufacturing occupation
CIndustrial occupation
DCommercial occupation
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